Question
The probability that an 80-year-old man in the U.S. will die within one year is approximately 0.069941. If an insurance company sells a one-year, $12,000
The probability that an 80-year-old man in the U.S. will die within one year is approximately 0.069941. If an insurance company sells a one-year, $12,000 life insurance policy to such a person for $435, what is the company's expectation? (Round your answer to two decimal places.)
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
